Homework answers / question archive / AY Company has a beginning balance of Retained Earnings at $224,500

AY Company has a beginning balance of Retained Earnings at $224,500

Business

Share With

AY Company has a beginning balance of Retained Earnings at $224,500. During the year, the company earned a loss of $98,500. It also paid cash dividend of $6,250. Calculate the ending balance of Retained Earnings.

Select one:

a. $316,750

b. $119,750

c. $329,250

d. $224,500